Pineapple Financial Inc. (NYSE: PAPL), a tech-enabled mortgage brokerage and fintech platform, has announced a proposed share consolidation plan to be voted on at a special meeting on June 26, 2025. The consolidation ratio will be between 10:1 and 20:1 pre-consolidation shares for each post-consolidation share.
The company’s Board of Directors has approved submitting this special resolution to shareholders, with a record date of May 23, 2025. CEO Shubha Dasgupta stated that this move aims to strengthen the company’s capital structure, enhance its trading profile, and support future growth. The consolidation is expected to increase the per-share trading price and potentially improve the company’s ability to attract institutional investors while maintaining NYSE American listing requirements.
Pineapple Financial Inc. (NYSE: PAPL), una piattaforma fintech…
